1983 Ed.]
Estate Duty
[CAP. 111
1
CHAPTER 111
ESTATE DUTY ORDINANCE
ARRANGEMENT OF SECTIONS
Section Page
1. Short title 3
2. Application 3
3. Interpretation 4
3A. Exercise of powers and duties 3
4. Appointment as commissioner for oaths 5
5. Estate duty 6
6. What property is deemed to pass on death 7
7. Dispositions in favour of relatives 7A. Presumption of simultaneous death 10
8. Exemptions 10
9. Accretions to gifts inter vivos 10A. Exceptions for transactions for money consideration, property situate outside the Colony, shares on local registers and certain land in the New Territories 16
10B. Exception for matrimonial home 17
11. Aggregation of property 19
12. Payment of estate duty; etc. 20
13. Value of property: etc. 23
14. Recovery of estate duty; etc. 25
14A. Exemption of executors of small estates 27
15. Probate not to be issued until estate duty paid; etc. 31
16. Increase of estate duty when delay in lodging affidavit 32
17. Duty of executor as to unregistered shares 32
18. Charge of estate duty on property; etc. 33
19. Apportionment of estate duty: etc. 33
20. Remission and refunding of estate duty on certain grounds. Proviso regarding war deaths 34
21. Remission in case of successive war deaths 35
22. Appeal to Supreme Court; etc. 35
23. Schedule of property to be annexed to probate 36
24. Penalties for intermeddling ... 37
25. Notification of interest of deceased person in bank or business undertaking 37
26. Executor's accounts 39
27. Power to reduce penalty and duty 39
28. Power to Governor in Council to make rules and prescribe forms. fees and charges 39
29. Presumption as to shares standing in the name of the deceased; appeal 40
30. Relief in the case of certain settlements 40
31. Relief in respect of quick succession where property consists of leasehold property or a business 40